The Clorox Co.

Overview

Date Founded

1986

Headquarters

1221 BROADWAY, OAKLAND, CA, 94612

Type of Company

Public

Employees (Worldwide)

8,800

Industries

Personal Products
Wholesale: Raw Materials
Medical Support Services
Industrial Machinery & Manufacturing

Company Description

The Clorox Co. engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States. The Household segment composes of charcoal, cat litter and plastic bags, wraps, and container products. The Lifestyle segment includes food products, water-filtration systems, filters, and all natural personal care products, and dietary supplements. The International segment covers products sold outside the United States, excluding natural personal care products. The company was founded by Edward Hughes, Charles Husband, William Hussey, Rufus Myers, and Archibald Taft on May 3, 1913 and is headquartered in Oakland, CA.

Website

http://www.thecloroxcompany.com

Contact Data

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In The News

RelSci

February 16, 2021

Matthew Shattock has changed board positions at The Clorox Co.

RelSci

February 16, 2021

Benno Dorer is no longer serving in their board position at The Clorox Co.

Nasdaq

February 10, 2021

Daily Dividend Report: CSCO,CMI,IPG,CLX,VIAC

PR Newswire

February 9, 2021

Clorox Declares Regular Quarterly Dividend of $1.11 Per Share

RelSci

February 8, 2021

Kevin Jacobsen sold $3.23M worth of shares in The Clorox Co. in January 2021

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Executives & Employees

Linda Rendle

President, Chief Executive Officer & Director

Daniel J. Heinrich

Chief Financial Officer & Executive Vice President

Kevin Jacobsen

Executive Vice President & Chief Financial Officer

Eric Reynolds

Executive Vice President & Chief Operating Officer

Stacey Grier

Senior Vice President & Chief Marketing & Strategy Officer

Chau Banks

Senior Vice President & Chief Information Officer

Kirsten Marriner

Chief People Officer & Executive Vice President

Jeff Baker

Vice President, Chief Accounting Officer & Corporate Controller

Denise A. Garner

Senior Vice President & Chief Innovation Officer

Tom Johnson

Controller & Chief Accounting Officer

Board of Directors

Matthew Shattock

President at Jim Beam Brands Co.

Christopher J. Williams

Former Vice Chairman at Alvin Ailey Dance Foundation, Inc.

Amy Banse

Former Associate at Faegre Drinker Biddle & Reath LLP

Pamela Thomas-Graham

Founder at Dandelion Chandelier LLC

Richard H. Carmona

Vice Chairman at CR License LLC

Spencer C. Fleischer

Founder, Managing Partner at FFL Partners LLC

Kathryn Tesija

Former Director, Merchandise Planning at Target Brands, Inc.

Allan Douglas David Mackay

Director at Woolworths Group Ltd.

Esther Lee

Executive Vice President & Global Chief Marketing Officer at MetLife, Inc.

Linda Rendle

President, Chief Executive Officer & Director at The Clorox Co.

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The Clorox Co.

Owners & Shareholders

Details Hidden

AQR Capital Management LLC

AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm’s models may consider a wide breadth of factors – from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy’s viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

Details Hidden

Parnassus Investments

Parnassus Investments is an active, long-term manager which seeks to invest in good businesses with increasingly relevant products or services, sustainable competitive advantages, quality management teams and ethical business practices. The firm uses fundamental security analysis methods in managing client accounts and they seek to identify and invest in stocks trading at large discounts to their assessment of the company's intrinsic value. Parnassus Investments offers different equity investment strategies that vary based on market capitalization and other factors as well as a fixed income strategy.

Details Hidden

Cedar Rock Capital Ltd.

Cedar Rock is an active, long-term manager which aims to achieve absolute returns with a strong capital preservation bias. They follow a long-only, buy-and-hold global equity strategy that seeks to minimize frictional costs and to defer capital gains by investing only in quoted companies they believe are capable of compounding in value indefinitely. In selecting companies appropriate for long-term investment, Cedar Rock follow strict bottom-up approach emphasizing quality, value and managerial character. They seek companies capable of sustaining high returns on capital without requiring financial leverage. To determine value, the firm weigh companies’ free cash flow yields against long-term interest rates to determine value. They construct concentrated portfolios and do not attempt to control volatility relative to any benchmark but measure performance against the MSCI World Index. Cedar Rock generally holds a stock in the portfolio for five to six years. The portfolio typically has a European bias.

Recent Transactions

Details Hidden

The Clorox Co., ReNew Life Formulas LLC purchase Nutranext LLC from WM Partners LP

Details Hidden

Medline Industries, Inc. purchases The Clorox Co. /Aplicare skin antisepsis Business from The Clorox Co.

Details Hidden

The Clorox Co. purchases ReNew Life Formulas LLC from Swander Pace Capital LLC, Twin Bridge Capital Partners LLC

Insider Transactions

Details Hidden

Eric Reynolds

Details Hidden

Kevin Jacobsen

Details Hidden

Rick McDonald

Transaction Advisors

Accountant

Deloitte Touche Tohmatsu Services LLC

Advised onThe Clorox Co. purchases First Brands Corp.

Investment Advisor

JPMorgan Chase & Co.

Advised onAvista Capital Partners purchases The Clorox Co. /Auto Care Business from The Clorox Co.

Legal Advisor

Morrison & Foerster LLP

Advised onThe Clorox Co. purchases First Brands Corp.

Legal Advisor

Robert Townsend

Advised onThe Clorox Co. purchases Burt's Bees, Inc. from AEA Holdings LLC

Co-Chair, Global Corporate Department

Eric McCrath

Advised onAvista Capital Partners purchases The Clorox Co. /Auto Care Business from The Clorox Co.

Legal Advisor

Eric Tate

Advised onAvista Capital Partners purchases The Clorox Co. /Auto Care Business from The Clorox Co.

Advisors & Consultants

Legal Advisor

Ross A. Fieldston

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Robert J. Stucker

Shareholder at Vedder Price P.C.

Legal Advisor

Richard Capelouto

Of Counsel at Simpson Thacher & Bartlett LLP

Clients

LKQ Corp.

LKQ Corp. engages in providing alternative parts to repair and accessorize automobiles and other vehicles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.

Amazon.com, Inc.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Costco Wholesale Corporation

What Is Costco? We are a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one. The History of Costco The company's first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego. Originally serving only small businesses, the company found it could achieve far greater buying clout by also serving a selected audience of non-business members. With that change, the growth of the warehouse club industry was off and running. In 1983, the first Costco warehouse location was opened in Seattle. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. Our operating philosophy has been simple. Keep costs down and pass the savings on to our members. Our large membership base and tremendous buying power, combined with our never-ending quest for efficiency, result in the best possible prices for our members. Since resuming the Costco name in 1997, the company has grown worldwide with total sales in recent fiscal years exceeding $64 billion

Key Stats and Financials As of 2020

Market Capitalization

$23.5B

Total Enterprise Value

$30.3B

Earnings Per Share

$7.35

Revenue

$6.72B

Net Profit

$939M

Total Equity

$908M

EBITDAMargin

21.48%

Enterprise Value / Sales

4.5x

Enterprise Value EBITDAOperating

20.73x

TEVNet Income

32.24x

Debt TEV

0.1x

EBITDA

$1.44B

Total Debt

$3.14B

Three Year Compounded Annual Growth Rate Of Revenue

4.01%

Non-Profit Donations & Grants

$500 - $999

2019

Mid-Ohio Foodbank

$2,500 - $4,999

2019

Boys & Girls Club of Lawrence

$1 - $999

2019

Brebeuf Jesuit Preparatory School

Political Donations

$1,000

2014

Mike Gatto

$1,000

2014

Albert Muratsuchi

$1,500

2014

Jim Frazier

Investments

Details Hidden

Faraday, Inc. (Vermont)

Faraday, Inc. manufactures timing devices and fire alarm systems. The firm uses data, predictions, and maps to help companies find the families for life''s important purchases. The company was founded by Andrew Rossmeissl, Ian Hough, Seamus Abshere and Robert Adler in 2012 and is headquartered in Burlington, VT.

Investors

Details Hidden

Carl C. Icahn

Founder at Icahn Enterprises LP

Suppliers

Oil-Dri Corp. of America Chemicals | Chicago, IL

Oil-Dri is a leading developer, manufacturer and marketer of products for consumer, industrial and automotive, agricultural, sports fields and fluids purification markets. Oil-Dri -- Creating Value From Sorbent Minerals ClayFounded in 1941 as a distributor of clay floor absorbents, the company now develops, manufactures and markets products for consumer, industrial, automotive, agricultural and fluids purification markets. Oil-Dri's product line has been diversified by leveraging the qualities of its extensive mineral reserves with an innovative research and development program. Oil-Dri controls attapulgite and montmorillinite mineral reserves that have been used for thousands of years. The earliest references to Fuller's Earth, a common name for some of these clays, appears in the Bible. In this reference, fullers, who worked with sheep's wool, used these clays to remove natural oils from the wool. Manufacturing processes and technical advancements have been used to enhance the natural characteristics of these clay minerals and develop Lab technicianproducts that leverage both their absorbent qualities, soaking up liquids into their many pores like a sponge; and their adsorbent qualities, active sites on surface which attract and lock up impurities, like a magnet. Oil-Dri operates an extensive research and development program from its laboratory campus in Vernon Hills, Illinois. In addition, the company has seven manufacturing facilities in North America and a plant in the United Kingdom.

Huntsman Corp. Agriculture & Mills | The Woodlands, Texas

Huntsman Corp. engages in the manufacturing of chemicals for the plastics, automotive and construction industries. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE. The Performance Products segment produces and sells amines, surfactants, LAB, and maleic anhydride to a variety of consumer and industrial end markets. The Advanced Materials segment provides basic liquid and solid epoxy resins, specialty resin compounds, cross linking, matting and curing agents, epoxy, acrylic, and polyurethane based polymer products. The Textile Effects segment consists market share for textile chemicals and dyes. Its products include Methoxypropylamine, Isocyanate, Nonylphenol, and Alkylalkanolamines. The company was founded by Jon Meade Huntsman Sr. in 1970 and is headquartered in The Woodlands, TX.

Gramercy Property Trust Trusts & Funds | New York, NY

Gramercy Property Trust operates as an investor and asset manager of commercial real estate, which engages in acquiring and managing single and multi-tenant office properties and a portfolio of specialty retail assets which include retail bank branches, fitness centers and rental car facilities through a net leasing system. The company was founded in April 2004 and is headquartered in New York, NY.

Competitors

Johnson & Johnson Pharmaceuticals - New Brunswick, New Jersey

Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women's health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas such as immunology, infectious diseases ad vaccines, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular, diabetes care, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.

Procter & Gamble Co. Personal Products - Cincinnati, Ohio

Procter & Gamble Co. engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances. The Health Care segment includes oral care products like toothbrushes, toothpaste, and personal health care such as gastrointestinal, rapid diagnostics, respiratory, and vitamins, minerals, and supplements. The Fabric and Home Care segment consist of fabric enhancers, laundry additives and detergents, and air, dish, and surface care. The Baby, Feminine and Family Care segment sells baby wipes, diapers, and pants, adult incontinence, feminine care, paper towels, tissues, and toilet paper. The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.

S.C. Johnson & Son, Inc. Personal Products - Racine, WI

S.C. Johnson & Son, Inc. manufactures and sells household products for home cleaning and storage, air and personal care, and insect control. Its brands include Windex, Pledge, Glade, Shout, Saran, Ziploc, Kiwi, Scrubbing Bubbles, and Raid. The company was founded by Samuel C. Johnson in 1886 and is headquartered in Racine, WI.

Awards & Honors

Rank #455

2016

Fortune Magazine - Fortune 1000 Companies